Leases (Tables)

12 Months Ended

Mar. 31, 2024

Leases [Abstract]

Summary of Components of Lease Expenses

The components of lease expenses are as follows:

	March 31, 2024		March 31, 2023		March 31, 2022
Operating lease expense	$	9,989,000	$	12,259,000	$	13,768,000
Finance lease expense		86,000		92,000		98,000
Short-term lease expense		114,000		16,000		13,000
Variable lease expense		559,000		555,000		495,000
Total lease expenses	$	10,748,000	$	12,922,000	$	14,374,000

Summary of Lease Related Assets and Liabilities Recorded in Balance Sheet Related to Operating Leases

The following table presents assets and liabilities recorded on the Company’s consolidated balance sheets related to its operating leases:

	March 31, 2024			March 31, 2023
Right-of-use asset, net	$	24,058,000		$	27,721,000
Short-term lease liability	$	8,864,000		$	9,900,000
Long-term lease liability		22,533,000			23,860,000
Total lease liabilities	$	31,397,000		$	33,760,000
Weighted average remaining lease term	4.11 years			4.07 years
Weighted average finance lease term	1.25 years			2.25 years
Weighted average discount rate		3.7	%		2.8	%

Schedule of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases for fiscal years ended March 31, 2024 and 2023 were as follows:

	March 31, 2024		March 31, 2023
Cash paid for amounts included in the measurement    of operating lease liabilities	$	8,692,000	$	14,348,000
Operating lease liabilities arising from obtaining ROU assets	$	53,617,000	$	55,269,000
Finance lease liabilities arising from obtaining ROU assets	$	358,000	$	358,000
Additions to ROU assets resulting from additions to    operating lease liabilities	$	6,247,000	$	4,912,000

Summary of Maturities of Operating and Financing Lease Liabilities

As of March 31, 2024, maturities of operating and financing lease liabilities for each of the next five years and thereafter are as follows:

2025	$	9,779,000
2026		7,825,000
2027		6,164,000
2028		5,256,000
2029		3,135,000
Thereafter		1,994,000
Total lease payments		34,153,000
Less interest		(2,756,000	)
Total lease liabilities	$	31,397,000